interest payment

Okay, let's pretend you have a $1,000 balance and the card that you have carries 7.99% interest. Take $1,000 and multiply it by .0799 and you will get 79.90 (Interest). Now add it to the $1,000 and divide $1,079.90 by 52 weeks and you will get $20.77 for your approximate monthly payment. If you did not use the card and add any thing else to it, it would take you 52 months (4 yrs and 4 months) to pay if off. That is why you want to pay more the minimum payment. The more you pay the principal balance ($1,000) the less you would pay interest.

Pay the total when you receive the bill ,
Then you never have to pay % .

Why flush $$$$ down the commode on % ?
Just pay the thing or else they will post % on the next bill and you will see it plain as day ,
Already calculated .

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